Price trend

According to the monitoring data of SunSirs, the market for hydrogen peroxide began to improve in December after a sharp drop in November, and the price bottomed out. As of December 8, the average market price of hydrogen peroxide was 1,333 RMB/ton, a price increase of 1.78% from the beginning of December.

Analysis review

According to the monitoring data of SunSirs, the price of hydrogen peroxide in the first 11 months still fell more and less rise. In February, April, and November, the decline was large. In February, the maximum value exceeded 18%, and the decline in November was close to 10%. The decline in March, May and August was relatively small. January and June, September, and October prices rose mainly, with the largest increase of over 30% in June.

In November, the hydrogen peroxide market ended the ‘Gold September and Silver October ‘markets, ushering in a sharp decline. In December, the hydrogen peroxide stopped falling and picked up. As of December 8, the hydrogen peroxide rose by nearly 2%.

As the hydrogen peroxide market dropped by nearly 10% in November, the terminal caprolactam market ushered in a rise in December, and the enthusiasm for purchasing hydrogen peroxide increased. The inventory of hydrogen peroxide manufacturers was at a low level. In addition, the hydrogen peroxide price fell sharply in November. The market began to pick up, and the market continued to rise. As of December 8, the average hydrogen peroxide market price exceeded the 1,300 RMB/ton mark, and the price rose 1.78%. The mainstream quotation in Hebei area was 1,350 RMB/ton, and the price increased by 50 RMB/ton; the mainstream quotation in Anhui area was 1,370 RMB/ton, and the price increased by 40 RMB/ton; the mainstream quotation in Shandong area was 1,280 RMB/ton, and the price increased by 30 RMB/ton.

On December 8, the commodity price index of hydrogen peroxide and caprolactam was 177.65, a decrease of 3.97 points from yesterday, a decrease of 18.93% from the highest point in the cycle of 219.12 points (2020-10-27), and an increase of 97.72% from the lowest point at 89.85 points on January 29, 2019. (Note: Period refers to 2019-01-01 to present)

Since December, the cost side and the supply side have been double-beneficial. The domestic caprolactam price has risen, and the operating rate of caprolactam is still not high. Shandong Haili, which has been shut down for maintenance in the early stage, has not restarted. The end of the Lanhua Kechuang maintenance plan is not clear yet, the tight supply pattern remains unchanged. Coupled with the acceptable operating rate of downstream PA6, caprolactam continues to be supported by the supply side. Major domestic caprolactam manufacturers generally raised their ex-factory prices, with prices rising more than 2%. The terminal caprolactam market rose sharply, and the demand for hydrogen peroxide purchase increased, which boosted the rise of the hydrogen peroxide market.

Market outlook

The hydrogen peroxide analyst of SunSirs believes that the hydrogen peroxide market in December ended the November crash and ushered in a rise. With the support of terminal demand, the market outlook for hydrogen peroxide still has room to rise.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com